The high cost of housing in California can make purchasing a home difficult for first-time homebuyers. To assist, CDLAC offers the Single-Family Housing Program. State and local governmental agencies and joint powers authorities can issue both tax-exempt mortgage revenue bonds (MRBs) or mortgage credit certificates (MCCs) to assist first-time homebuyers when they purchase a home. MRBs fund low-interest mortgages and MCCs help reduce federal tax liability, thereby increasing their affordability. Program participants must meet certain income limits and purchase a home that falls within the program's purchase price limitations.
Currently, CDLAC is only providing state ceiling to the California Department of Veterans Affairs for the CalVet Home Loan program, which provides low-interest financing to eligible veterans.
Veteran's Home Loan Program Application
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CalVet Home Loans
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If you have any questions about the Single Family First-Time Homebuyer Program, please contact CDLAC.
